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DGAP-News: SNP Schneider-Neureither & Partner SE
/ Key word(s): Annual Results
SNP SE Confirms Preliminary Figures for 2019 - Group revenue in 2019 increased by 11% to € 145.2 million - At approximately 5%, EBIT margin considerably higher than in previous year (2018: -1.9%) - Successful start of the year: Order entry in Q1 2020 currently up by approx. 30% compared with the same period in the previous year - Order backlog in the amount of € 92.7 million provides solid foundation for further growth - Forecast for 2020 remains unchanged but with increased planning uncertainty Heidelberg, Germany, March 30, 2020 - SNP Schneider-Neureither & Partner SE (ISIN: DE0007203705), a global leader in transformation software and services, today published its audited annual financial statements for the 2019 fiscal year and confirmed the preliminary figures published at the end of January 2020. Revenue increased by 11% to € 145.2 million (previous year: € 131.0 million). At the same time, operating earnings (EBIT) increased to € 7.0 million from € -2.5 million the previous year. This corresponds to an EBIT margin of 4.8% (previous year: -1.9%). In the same period, earnings before tax (EBT) improved to € 5.6 million (previous year: € -3.6 million). "We look back at a successful 2019 fiscal year during which we increased our revenue again and considerably expanded our margins. We generally continue to see possibilities for positive development, also for the current year - though the consequences of the COVID-19 pandemic are very difficult to assess at this time," says Dr. Andreas Schneider-Neureither, CEO of SNP SE. "The long-term drivers of our growth remain intact. We currently see no immediate impact on our business, and order entry has likewise developed positively in the first quarter of 2020. Not least, it can be assumed that after the acute phase of the crisis has ended, the digitalization of entire business models and correspondingly broad global transformations will have an even greater priority than before." The Software business segment in particular contributed to the growth of the past fiscal year: Revenue increased by 59.7% to € 47.6 million, up from € 29.8 million the previous year. This corresponds to a share of Group revenue of 32.8% (previous year: 24.8%). In the Services business segment, revenue declined by 3.5% in 2019 to around € 97.6 million mainly due to negative currency effects (previous year: € 101.2 million). In addition, a lower order backlog from the beginning of the year burdened the development. In the past fiscal year, the company's growth was accompanied by a markedly higher order entry amounting to € 201.3 million, which represents an increase of 52% on the previous year's figure of € 132.3 million. SNP registered positive performance in both its Software and Service business segments; while the order entry figure in the Service business segment rose by around 26% over the previous year, the order entry volume in the Software business segment went up by more than 125%. The order backlog of € 92.7 million as of December 31, 2019 (previous year: € 56.3) is also 65% above the previous year's level, and therefore represents a good starting point for future growth. The company is also well-positioned when it comes to capital: As per the successful business development in 2019, equity increased to € 70.6 million. The equity ratio was therefore 40.6% as of December 31, 2019. Subject to the possible impact of the COVID-19 pandemic, the management of SNP continues to assume Group revenue of between € 175 and 185 million for the current fiscal year. Thanks to the steadily increasing share of the high-margin Software business segment, the Group EBIT margin should increase to between 6.5% and 8.5%. The 2019 Annual Report, published today, can be downloaded from the SNP website at About SNP SNP is a world-leading provider of software for managing complex digital transformation processes. Instead of traditional IT consulting in the ERP environment, SNP offers an automated approach using specially developed software: The Data Transformation Platform CrystalBridge(R) and the SNP BLUEFIELD(TM) approach allow customers to restructure and modernize their IT landscapes much more quickly and reliably as well as migrate to new systems or cloud environments more securely. This gives customers clear qualitative advantages while at the same time reducing their time and costs. The SNP Group has around 1,400 employees worldwide. The company is headquartered in Heidelberg, Germany, and generated revenues of around EUR 145 million in the 2019 fiscal year. It serves multinational companies in all industries. SNP was established in 1994, went public in 2000, has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since August 2014 (ISIN DE0007203705) and was included in the SDAX in March 2020. Since 2017, the company has been trading as a European company (Societas Europaea/SE). More information is available at Contact Investor Relations: Christoph Marx Marcel Wiskow E-Mail:
30.03.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | SNP Schneider-Neureither & Partner SE |
| Dossenheimer Landstraße 100 | |
| 69121 Heidelberg | |
| Germany | |
| Phone: | 37, 72 |
| Fax: | 0 |
| E-mail: | |
| Internet: | |
| ISIN: | DE0007203705 |
| WKN: | 720370 |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1009885 |
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| End of News | DGAP News Service |
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1009885Â Â 30.03.2020Â
